Global Power-to-x Market Size & Outlook, 2024-2030
The power-to-x industry worldwide is expected to reach a projected revenue of US$ 645.3 million by 2030. A compound annual growth rate of 11.2% is expected of the worldwide power-to-x industry from 2025 to 2030.
Revenue, 2024 (US$M)
$346.9
Forecast, 2030 (US$M)
$645.3
CAGR, 2025 - 2030
11.2%
Report Coverage
Worldwide
Global power-to-x market, 2018-2030 (US$M)
Related Markets
Global power-to-x market highlights
- The global power-to-x market generated a revenue of USD 346.9 million in 2024 and is expected to reach USD 645.3 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 11.2% by 2030.
- In terms of segment, power-to-h2 accounted for a revenue of USD 173.5 million in 2024.
- Power-to-Methanol is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 346.9 million |
| Market revenue in 2030 | USD 645.3 million |
| Growth rate | 11.2% (CAGR from 2025 to 2030) |
| Largest segment | Power-to-h2 |
| Fastest growing segment | Power-to-Methanol |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Power-to-H2, Power-to-CO/Syngas/Formic Acid, Power-to-NH3, Power-to-Methane, Power-to-Methanol, Power-to-H202 |
Other key industry trends
- In terms of revenue, the North America accounted for 21.6% of the global power-to-x market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 4.4 million by 2030.
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Power-to-X Market Scope
Power-to-x market segmentation & scope
Power-to-X Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global power-to-x market size, by regions, 2018-2030 (US$M)
Top 10 countries: Power-to-x market size, 2024 (US$M)
Global power-to-x market share, by technology, 2024 & 2030 (%, US$M)
Power-to-x market: Opportunity assessment by country
Global power-to-x market, by region, 2024 (US$M)
Related regional statistics
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